Three Joint Operators Are Involved in a Joint Operation That

question 9

Multiple Choice

Three joint operators are involved in a joint operation that manufactures ships chandlery. At the beginning of the year the joint operation held €50 000 in cash. During the year the joint operation incurred the following expenses: Wages paid €20 000, Overheads accrued €10 000. Additionally creditors amounting to €40 000 were paid and the joint operators contributed €15 000 cash each to the joint operation. The balance of cash held by the joint operation at the end of the year is:

• A) € 5000;
• B) €25 000;
• C) €35 000;
• D) €75 000.

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Definitions:

Identity

The qualities, beliefs, personality traits, appearance, and/or expressions that define a person or group.

Hanging Out

Informal social gatherings or spending time with friends or acquaintances without a specific agenda or activity.

Global Self-Esteem

The overall value one places on oneself as a person, encompassing feelings of self-worth and self-acceptance.

Lowest Point

The least or minimal level, degree, or part of something, often referring to geographical locations or emotional states.